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Google Pays $500M for Satellite Maker Skybox, for Photos and Eventually Internet Access
Google said on Tuesday it had bought Skybox Imaging, a company that provides high-resolution photos using satellites, for $500 million in cash. Google explained the deal as such: “Their satellites will help keep our maps accurate with up-to-date imagery. Over time, we also hope that Skybox’s team and technology will be able to help improve Internet access and disaster relief — areas Google has long been interested in.”